Bobster Shield Ii Sunglasses - Black Frame, Amber Lens on 2040-parts.com
Irvine, California, US
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Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
Ferrari P540 Superfast Aperta revealed
Sat, 12 Dec 2009The Ferrari P450 Super Aperta created for US businessman Edward Walson Special, one-off Ferraris are the preserve of the very wealthy. Whether they’re made by Ferrari or Pininfarina or Zagato, they command a price that is beyond the reach of mere mortals. Cars like the James Glickenhaus Ferrari P4/5 (and now the competizione version) cost millions.
Porsche engineer Rolf Frech named engineering chief at Bentley
Wed, 28 Sep 2011The Porsche-ization of luxury-car maker Bentley moved another step forward on Wednesday as Rolf Frech was named as its engineering chief. Frech, who has been Porsche's director of the complete vehicle engineering group for the past decade, replaces Ulrich Eichhorn, who is set to become head of the VDA, the German auto-industry association. Eichhorn, 50, joined Bentley as engineering chief in 2003 from Volkswagen, where he had been in charge of research and development.